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and the senate gave final approval to suspending the national debt ceiling into may. online we profile a social entrepreneur who works as matchmaker between international artisans and retailers. kwame holman explains. >> holman: in our agents for change series, meet the woman in charge of nest, an organization that helps talented, aspiring craftspeople build successful businesses and connect to consumers. that's on the rundown. should parents worry about kids consuming highly caffeinated energy drinks? health correspondent betty ann bowser asks a psycho- pharmacologist. and on making sense, economist dean baker weighs in on the causes of rising economic inequality in the united states. all that and more is on our website newshour.pbs.org. jeff? >> brown: and that's the "newshour" for tonight. i'm jeffrey brown. >> brown: and i'm judy woodruff. we'll see you online and again here tomorrow evening with mark shields and david brooks among others. thank you and good night. >> major funding for the pbs newshour has been provided by: >> and the william and flora hewlett fou
and the senate gave final approval to suspending the national debt ceiling into may. online we profile a social entrepreneur who works as matchmaker between international artisans and retailers. kwame holman explains. >> holman: in our agents for change series, meet the woman in charge of nest, an organization that helps talented, aspiring craftspeople build successful businesses and connect to consumers. that's on the rundown. should parents worry about kids consuming highly caffeinated...
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debt ceiling. >> narrator: early on, republican freshmen attended orientation sessions. republican strategist frank luntz ran one of them. >> and i asked the question, how many of you are going to vote for the debt ceiling? and only three or four of them raised their hands. and i said, if you vote for the debt ceiling, the people who put you in office are going to knock you out. >> if you vote for the debt ceiling, you're voting for your own death certificate, political death certificate. >> narrator: for his part, the president decided to try something new: personal politics. he figured he could connect to the republican leader, john boehner. >> obama told his staff, john boehner is a country club republican, a golf-playing, cigarette smoking deal-maker. >>arrar: t predent invited boehner to play golf with him at andrews air force base. >> and afterward, they go back to the clubhouse, and they're having a drink; there's a photo op. and it's at that point when boehner says to the president, "hey, you know, on this debt ceiling stuff, we ought to do something big." >> nar
debt ceiling. >> narrator: early on, republican freshmen attended orientation sessions. republican strategist frank luntz ran one of them. >> and i asked the question, how many of you are going to vote for the debt ceiling? and only three or four of them raised their hands. and i said, if you vote for the debt ceiling, the people who put you in office are going to knock you out. >> if you vote for the debt ceiling, you're voting for your own death certificate, political death...
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debt ceiling is you cannot borrow, so you have to balance the budget tomorrow. in addition to that, there was the kind of not very real threat that we might default on the national debt or postpone payments, so you're playing with a combination of a big fiscal contraction and the possibility of triggering a financial crisis also. lori: i want to ask you about your book. after the music stopped, but about the financial crisis, to a dozen 7-8. looking back, said always 2020, what were the best actions taken by the federal government and the worst? >> at think there were three. in net you a tie for first? >> you know how tv works. >> one was tart. very unpopular, but effective and turn a profit for the taxpayer. second was the stimulus that we were just talking about. could have been better. was not a perfect stimulus bill, a pretty good given the political constraints. third, what almost no one ever talks about, the bank stress test. to me the banks stress test and this compared pedestrian 2009 was the equivalent of the fdr bank holiday. once was over people felt
debt ceiling is you cannot borrow, so you have to balance the budget tomorrow. in addition to that, there was the kind of not very real threat that we might default on the national debt or postpone payments, so you're playing with a combination of a big fiscal contraction and the possibility of triggering a financial crisis also. lori: i want to ask you about your book. after the music stopped, but about the financial crisis, to a dozen 7-8. looking back, said always 2020, what were the best...
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and certainly, anything that washington does as we saw with the first debt ceiling negotiations, anything that washington does that adds to the uncertainty certainly doesn't help the economy. so i think most people would like to see these people sort of get their act together before the deadline, hopefully. >> well, in fact, senator roy blunt just blamed uncertainty. let me play that. >> uncertainty is probably even a greater problem than contraction. if we knew what the government spending was going to be with some certainty, that would be better than this constant not knowing. we're on the 60-day clock and then on the 90-day clock. we need to get on a four and five-year clock. and that's why a budget and appropriations bills will make a difference, chuck. >> what are the chances, michael, of those things happening? >> well, you know, i think a long-term solution doesn't look very practical right now. and one reason is that members of congress like mr. blunt, republicans, are -- i think that it's more important not to give more ground on taxes than it is to create certainty. so i think e
and certainly, anything that washington does as we saw with the first debt ceiling negotiations, anything that washington does that adds to the uncertainty certainly doesn't help the economy. so i think most people would like to see these people sort of get their act together before the deadline, hopefully. >> well, in fact, senator roy blunt just blamed uncertainty. let me play that. >> uncertainty is probably even a greater problem than contraction. if we knew what the government...
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since 2001, congress has raised the debt ceiling eleven times. the bill will increase the nation's 16-point-4 trillion dollar debt limit by about 450 billion dollars. coming up next the latest in alabma where a child hostage situation enters its fourth day. plus a student is in custody after opening fire inside a middle school in atlanta. and another cabinet member in president obama's administration announces his resignation. [ washer and dryer sounds ] for the things you can't wash, freshen them with febreze. febreze eliminates odors and leaves a light fresh scent. febreze, breathe happy. we're learning more about the alleged gunman who continues to hold a young boy hostage in an underground bunker in alabama. locals describe 65-year-old jimmy lee dykes as a mean and reclusive man who worried about being abducted by aliens. on tuesday, dykes allegedly pulled the 5-year-old boy off his school bus after shooting and killing the driver. dykes has been holding him hostage in an underground bunker in his backyard. through a 60-foot pipe, dykes has a
since 2001, congress has raised the debt ceiling eleven times. the bill will increase the nation's 16-point-4 trillion dollar debt limit by about 450 billion dollars. coming up next the latest in alabma where a child hostage situation enters its fourth day. plus a student is in custody after opening fire inside a middle school in atlanta. and another cabinet member in president obama's administration announces his resignation. [ washer and dryer sounds ] for the things you can't wash, freshen...
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today the senate agreed with the house and passed an extension of the debt ceiling, raised the debt ceiling for the future. and i didn't vote for that. there were no cuts included in that bill. the only cut that we have ever come up with is this 1.2 trillion, because the committee, the special select committee couldn't come up with a spending reductions, were now going to have as part as sequestration. i don't really believe in across the board cuts. i think that's irresponsible. but in the absence of cutting spending someplace to replace those 1.2 -- >> got to take it where you get it. >> it's not the only way we're going to get it. >> it's never a good time to cut spending. it's one of the things i've learned. i guess i saw it years ago when i worked down there. but reporting on this thing night after night, one of the things i learned, senator moran, is it's never a good time to cut spending. so march 1st is an interesting deadline. >> i'm not voting to set the sequester aside unless we cut the 1.2 trillion someplace else. >> good luck on that. senator jerry moran of kansas, thank you ve
today the senate agreed with the house and passed an extension of the debt ceiling, raised the debt ceiling for the future. and i didn't vote for that. there were no cuts included in that bill. the only cut that we have ever come up with is this 1.2 trillion, because the committee, the special select committee couldn't come up with a spending reductions, were now going to have as part as sequestration. i don't really believe in across the board cuts. i think that's irresponsible. but in the...
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. >> congress extended the debt ceiling, that they have yet to prevent big spending cuts. >> 800,000 civilians will lose their jobs. bases will have to be closed. the grants will have to be stopped. >> that could add to the unemployment numbers announced today. we also expect to get hard figures on how many people are out of work. tracie potts from washington, back to you. >> if you have the flu, stay away from fido. how you can protect your furry friends. a traveling band with a lot of heart. heart. [ telephone rings ] good evening, this is flo. [laughs] yes, i'm that flo. aren't you sweet! licensed phone-ups available 24/7. call 1-800-progressive. >> in this afternoon's medical alert, any at owner knows if you fall ill there is nothing better than snuggling up with your pet , but flu sufferers should not get too close. >> 14 cats and one dog has been sick and or died from the h1n1 flu virus since 2006, possibly spread by humans. this dr. from organs -- oregon state university said researchers do not know for sure if the seasonal flu can be transmitted to pets. >> the strain that wa
. >> congress extended the debt ceiling, that they have yet to prevent big spending cuts. >> 800,000 civilians will lose their jobs. bases will have to be closed. the grants will have to be stopped. >> that could add to the unemployment numbers announced today. we also expect to get hard figures on how many people are out of work. tracie potts from washington, back to you. >> if you have the flu, stay away from fido. how you can protect your furry friends. a traveling...
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the bill postponed the debt ceiling debate until the middle of may. it is call the no budget no pay bill that requires lawmakers to pass a budget or their paychecks will be withheld. the white house says president obama will immediately sign it. >>> president obama's choice to head the defense department was on the defense himself during harsh questioning from fellow senators. former nebraska senator chuck hagel was grilled yesterday by members ever the senate armed services committee. several times, hagels was put on the spot over his support for israel, his refusal to go along with sank00s on iran and his past positions on the iraq troop surge. one republican is supporting him but hagel will need a few more to overcome any gop filibuster to his nomination. >>> the country is remembering a national tragedy today. it was 10 years ago today the space shuttle include broke apart in the skies over texas as it re-entered the earth's atmosphere. all seven crew members died. there will be remembrance ceremonies today at kennedy space center and arlington na
the bill postponed the debt ceiling debate until the middle of may. it is call the no budget no pay bill that requires lawmakers to pass a budget or their paychecks will be withheld. the white house says president obama will immediately sign it. >>> president obama's choice to head the defense department was on the defense himself during harsh questioning from fellow senators. former nebraska senator chuck hagel was grilled yesterday by members ever the senate armed services committee....
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that debt ceiling vote the senate has approve it, the house already did so we can borrow morgan to pay our bills through may. congress at that point will have to deal with it again. richard? >> tracie potts in washington. thank you. new yorkers are waking up to the news of the passing of an icon, one of the city's and nation's most outspoken and popular politicians, ed koch has died of congestive heart failure. he served in world war ii and later was elected to three terms as mayor of new york city. ed koch dead at the age of 88. dramatic and contention day of testimony for senator charlie hagel. >> reporter: john mccain seized on hagel's opposition to the surge in iraq. >> the question is, are we right or wrong? that's a pretty straightforward question. >> well, i'm not going to give you a yes or no answer. >> reporter: over his 2008 comments related to israel that a quote jewish lobby intimidate a lot of people in congress. >> name one person in your opinion who is intimidated by the israeli lobby in the united states senate. >> well, first -- >> name one. >> i don't know. >> reporte
that debt ceiling vote the senate has approve it, the house already did so we can borrow morgan to pay our bills through may. congress at that point will have to deal with it again. richard? >> tracie potts in washington. thank you. new yorkers are waking up to the news of the passing of an icon, one of the city's and nation's most outspoken and popular politicians, ed koch has died of congestive heart failure. he served in world war ii and later was elected to three terms as mayor of new...
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we won't have to worry about the debt ceiling for a few months. the senate approved a bill yesterday for a short-term suspension of the debt limit until may 19th, easing fears of a government default. the president is expected to sign it soon. the bill also includes an incentive for lawmakers to create a budget by april 15th - or go without pay. mortgage rates are on the rise. according to freddie mac, 30- year rates surpassed 3.5% for the first time in nearly four months. the average 30-year fixed rose to 3.53%, up from 3.42% last week. the 15-year fixed jumped to 2.81% from 2.71%. the company allegedly behind robo signing mortgages is paying a $120-million settlement. 46 states will recieve a share of the payout. the company, lender processing services, is accused of wrongfully foreclosing on homes when people should have been allowed to stay. the company is accused of using robo-signing to automatically sign documents without proper review. shares of lender processing services rallied yesterday. walmart is putting limits on ammunition sales. th
we won't have to worry about the debt ceiling for a few months. the senate approved a bill yesterday for a short-term suspension of the debt limit until may 19th, easing fears of a government default. the president is expected to sign it soon. the bill also includes an incentive for lawmakers to create a budget by april 15th - or go without pay. mortgage rates are on the rise. according to freddie mac, 30- year rates surpassed 3.5% for the first time in nearly four months. the average 30-year...
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ceiling. this measure suspends the government's borrowing limit to may 19th. the national debt will be pushing $17 trillion. in other words, it's really washington's version of kicking the can down the road. the president is expected to sign this bill immediately. >>> now to the economy and the financial markets. stocks fell a bit today with all three major indexes modestly lower. but for the month, the dow was up almost 6%, the best since january in '94. nasdaq gained 4%, s&p just over 6. its best january since '97. what is the market surge trying to tell us when mixed in with some bad news out there, as well? and on the eve of another big jobs report? our report from nbc's tom costello. >> reporter: 25-year-old kory wilson can tell you, it's not easy looking for a job. she has applied for 200 since earning a master's degree in public relations last may. >> being a post graduate, either i'm overqualified or i'm underqualified. >> she is looking for work, but the economy seemingly poised to ei
ceiling. this measure suspends the government's borrowing limit to may 19th. the national debt will be pushing $17 trillion. in other words, it's really washington's version of kicking the can down the road. the president is expected to sign this bill immediately. >>> now to the economy and the financial markets. stocks fell a bit today with all three major indexes modestly lower. but for the month, the dow was up almost 6%, the best since january in '94. nasdaq gained 4%, s&p just...
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in exchange for temporarily suspending the debt ceiling debate. the bill requires lawmakers in both chambers of congress, to pass a budget by mid-april. or have their pay withheld. the measure now advances to president obama's desk to be signed into law. >> the next time a child is abducted near you, your cell phone may shriek to life with an alert message. a new national amber alert system officially rolled out to millions of cell phones. the alerts are automatically active on most newer phones. and they've already taken tens of thousands of people by surprise. the newly-expanded emergency alert system is one way fema is trying to update how it reaches people with new technology. >> today marks the 10th anniversary of the space shuttle columbia disaster, which killed all seven crew members. following the disaster, nasa re-named a weather balloon launch facility to honor those on the shuttle. with the large amount of debris that fell nearby, the facility became a makeshift collection site. today the balloon facility is one of 62 launch sites in th
in exchange for temporarily suspending the debt ceiling debate. the bill requires lawmakers in both chambers of congress, to pass a budget by mid-april. or have their pay withheld. the measure now advances to president obama's desk to be signed into law. >> the next time a child is abducted near you, your cell phone may shriek to life with an alert message. a new national amber alert system officially rolled out to millions of cell phones. the alerts are automatically active on most newer...
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extension of the debt ceiling for two years. clarification on europe. first, the recession needs to stabilize, but beyond that, policy initiatives clearly indicate a road to political and fiscal and banking reforms and an indication that europe is serious about improving competitiveness. resumption of growth in emerging economies, like china, and finally the federal successfully engineering a modest increase in interest rates without unleashing runaway inflation. maria, these are tall orders, i know, but resolution of all these issues would be a huge boost to business confidence, capital expenditures and hiring would increase dramatically and revenues would rise, and that's what we need, maria. back to you. >> that's some list, bob. >> pretty ambitious. >> we'll be watching that. not everybody is buying into this bull market theory, by the way. pimco's bill gross is actually warning investors to be afraid, and i mean very afraid, of how inflation and the flood of cheap money will impact investments from here on out. bill joins me exclusively from pimco
extension of the debt ceiling for two years. clarification on europe. first, the recession needs to stabilize, but beyond that, policy initiatives clearly indicate a road to political and fiscal and banking reforms and an indication that europe is serious about improving competitiveness. resumption of growth in emerging economies, like china, and finally the federal successfully engineering a modest increase in interest rates without unleashing runaway inflation. maria, these are tall orders, i...
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the senate passed the bill to raise the debt ceiling. without it, the government would have to default on obligations as soon as mid- february. >>> one of d.c.'s area neighborhood advisory commissioners wants to limit the sale of ski masks. >> this comes after several people were robbed by gunmen wearing ski masks. gary nurenberg has the story. >> reporter: a prince george's county armed robbery. can't see the guys because of the ski masks. a 7-eleven robbery, three guys, can't see any of their faces because of the ski masks. d.c.'s fourth police district. look at the list serve and you see? >> a number of reports that people are assaulted with folks with ski masks on, black ski masks. >> reporter: neighborhood advisory -- this woman should know. >> i saw the man pulling a ski mask over his face and standing in the middle of the road in my path. and so i basically focused on his face between the parked cars and him and that car took off really fast. >> reporter: a week ago tuesday, 13th and varnum, armed robber, ski mask, woman loses her
the senate passed the bill to raise the debt ceiling. without it, the government would have to default on obligations as soon as mid- february. >>> one of d.c.'s area neighborhood advisory commissioners wants to limit the sale of ski masks. >> this comes after several people were robbed by gunmen wearing ski masks. gary nurenberg has the story. >> reporter: a prince george's county armed robbery. can't see the guys because of the ski masks. a 7-eleven robbery, three guys,...
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in exchange for temporarily suspending the debt ceiling. the bill requires lawmakers in both chambers of congress to pass a budget by mid- april. or have their pay withheld. it now advances to president obama's desk to be signed into law. >> the road to confirmation will not be a smooth one for former senator chuck hagel. hagel is president obama's nominee to be the next defense secretary. in the first day of confrontational confirmation hearings, some lawmakers picked apart hagel's record and his positions on key issues. facing his critics, former senator chuck hagel had this message to lawmakers during his confirmation hearing on capitol hill. >> we cannot allow the work of confronting the great threats we face today to be held hostage to partisanship on either side of the aisle. the stakes are too high. other critics say he has expressed questionable support for israel. despite mainly republican and conservative detractors, hagel is expected to win confirmation. even national polls show most americans support hagel's nomination to replac
in exchange for temporarily suspending the debt ceiling. the bill requires lawmakers in both chambers of congress to pass a budget by mid- april. or have their pay withheld. it now advances to president obama's desk to be signed into law. >> the road to confirmation will not be a smooth one for former senator chuck hagel. hagel is president obama's nominee to be the next defense secretary. in the first day of confrontational confirmation hearings, some lawmakers picked apart hagel's...
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the debt ceiling fight will resurface in the summer. >>> new polls showing the nra's opposition to reforming certain gun laws isn't registering with the american public. according to polling, more than 90% of voters in three states say they support wider background checks for people buying weapons at gun shows. that includes voters who live in households with a gun. when it comes to the question of armed police in schools, more voters in virginia, new jersey, and pennsylvania support the idea than oppose it. the board of education in new it is town, connecticut, is requesting funding for armed police officers in four elementary schools for the next school year. in chicago, meanwhile, mayor rahm emanuel is moving 200 officers from desk duty to the streets amid the city's most violent months in decades. 42 people have been murdered this year including 15-year-old who was shot dead this week while hanging out with friends in a park. >> when any young person in our city is gunned down without reason, their death makes an impression on all of us. and it demands action from all of us. the loss of
the debt ceiling fight will resurface in the summer. >>> new polls showing the nra's opposition to reforming certain gun laws isn't registering with the american public. according to polling, more than 90% of voters in three states say they support wider background checks for people buying weapons at gun shows. that includes voters who live in households with a gun. when it comes to the question of armed police in schools, more voters in virginia, new jersey, and pennsylvania support...
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ceiling. hallie jackson come wbal-tv 11 news. >> seeing a shift for the super bowl. the commercials are more of a start than the players. jane king has the bloomberg business report. veggies over pizza? >> i know. i'm not sure if i believe that. lockheed martin is seeing record profits on the horizon. the cfo says the company is not looking at any planned job reductions. facebook is trying out gift cards to get users stay on the site longer. now they include target. a down day for the markets yesterday. futures this morning are looking positive. we do get the january jobs report ahead of the opening bell. an executive says under armour is looking to hire outside talent this year and looking to beef up their presence overseas. ravens fever is sweeping baltimore. 91% of the people watching the game are looking for to the commercial. ads to be aer the a big part of the game. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> now weather and traffic together on
ceiling. hallie jackson come wbal-tv 11 news. >> seeing a shift for the super bowl. the commercials are more of a start than the players. jane king has the bloomberg business report. veggies over pizza? >> i know. i'm not sure if i believe that. lockheed martin is seeing record profits on the horizon. the cfo says the company is not looking at any planned job reductions. facebook is trying out gift cards to get users stay on the site longer. now they include target. a down day for...
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did not pass an agricultural bill and they essentially held the country's finances hostage over the debt ceiling but despite making the history books for all the wrong reasons power in washington and not shook hands during the november elections president is still the same the senate is still democratic and the house is still republican makes it hard to imagine the.
did not pass an agricultural bill and they essentially held the country's finances hostage over the debt ceiling but despite making the history books for all the wrong reasons power in washington and not shook hands during the november elections president is still the same the senate is still democratic and the house is still republican makes it hard to imagine the.
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ceiling but this much despite making the history books for all the wrong reasons power in washington not ship during the november elections president is still the same senator still democratic and the house is still republican makes it hard to imagine that things will change much even with a new legislature sworn in last month from washington on r.t. that does it for now for more on the star's recovery go to youtube dot com slash our to america dot com slash usa so your day. here is mitt romney trying to figure out the name of that thing that we americans call. i don't want. to. be the guy who cares about what you. are you know what that is my parents. want to defeat terrorism the on. the crime. bill a lot of the girls are going to distract us from what you and i should care about because they're profit driven industry that's over from facials that garbage you call that breaking news i'm having martin and we're going to break that. welcome to the kaiser report i'm max kaiser you know what's wrong with this economy it's all built on a foundation of saying yes the united states is an e
ceiling but this much despite making the history books for all the wrong reasons power in washington not ship during the november elections president is still the same senator still democratic and the house is still republican makes it hard to imagine that things will change much even with a new legislature sworn in last month from washington on r.t. that does it for now for more on the star's recovery go to youtube dot com slash our to america dot com slash usa so your day. here is mitt romney...
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in exchange for temporarily suspending the debt ceiling debate. the bill requires lawmakers in both chambers of congress, to pass a budget by mid-april. or have their pay withheld. the measure now advances to president obama's desk to be signed into law. the road to confirmation will not be a smooth one for former senator chuck hagel. hagel is president obama's nominee to be the next defense secretary. the first day of the confirmation hearings were confrontational. some lawmakers picked apart hagel's record. and his positions on key issues. facing his critics, the former senator had this message to lawmakers today on capitol hill. we cannot allow the work of confronting the great threats we face today to be held hostage to partisanship on either side of the aisle. the stakes are too high. and other critics say, he has expressed questionable support for israel. despite mainly republican and conservative detractors, hagel is expected to win confirmation. even national polls show most americans support hagel's nomination to replace outgoing secretar
in exchange for temporarily suspending the debt ceiling debate. the bill requires lawmakers in both chambers of congress, to pass a budget by mid-april. or have their pay withheld. the measure now advances to president obama's desk to be signed into law. the road to confirmation will not be a smooth one for former senator chuck hagel. hagel is president obama's nominee to be the next defense secretary. the first day of the confirmation hearings were confrontational. some lawmakers picked apart...
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ceiling so that's not going to restrain us any more they're going to cancel all the spending cuts i'm afraid they're going to use the weak fourth quarter g.d.p. as justification for cancelling the spending cuts and so the governor's going to keep on spending the fed is going to keep on printing to monetize the growing deficit and we're marching towards a real economic crisis the united states where the dollar is going to plunge and that's going to send prices and interest rates that america's soaring there i want to ask i want to point out this other justification that the white house is using the white house also blame superstorm sandy for shrinking the economy natural disaster as as we know also disastrous for the economy and also out of the government's hands right. well look the government's going to blame everybody but themselves why doesn't the obama administration take a look in the mirror if they want to know why the economy is struggling and believe me it's going to get a lot worse because we still have all this money that we borrowed that we have to deal with always did duri
ceiling so that's not going to restrain us any more they're going to cancel all the spending cuts i'm afraid they're going to use the weak fourth quarter g.d.p. as justification for cancelling the spending cuts and so the governor's going to keep on spending the fed is going to keep on printing to monetize the growing deficit and we're marching towards a real economic crisis the united states where the dollar is going to plunge and that's going to send prices and interest rates that america's...
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. >>> president obama is expected to sign legislation to raise the nation's debt ceiling. they passed a bill that exends the ability to borrow new -- extends the ability to borrow new money. the measure suspends the $16.4 trillion debt limit and requires congress to pass is a budget by april. >>> judge in san francisco heard arguments on a motion to throw out the city of oakland's lawsuit. the feds want to sees the property because they say it is in violation of the controlled substances act. the city sued saying it would create a problem for people who need marijuana to treat their medical conditions. the judge did not indicate when she would rule on the motion. >>> this is not your grandfather's world, still ahead. >> get to know them better. >> some children take on police officers on the basketball court. but it wasn't all about hoops. the bigger message game. >>nd how much womber can the temperatures -- warmer can the temperatures get and will it last into your bay area weekend? i am back here in 10 minutes with all the details. hmm, it says here that cheerios helps l
. >>> president obama is expected to sign legislation to raise the nation's debt ceiling. they passed a bill that exends the ability to borrow new -- extends the ability to borrow new money. the measure suspends the $16.4 trillion debt limit and requires congress to pass is a budget by april. >>> judge in san francisco heard arguments on a motion to throw out the city of oakland's lawsuit. the feds want to sees the property because they say it is in violation of the controlled...
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quick thought about this, can we get rid of the debt ceiling? >> iveng what we're seeing is some of the political brinksman ship around the debt ceiling may be a thing of the past. the renls certainly got hurt politically trying to use that tool as leverage. 6/hopefully it's an indication that that particular kind of brinksman ship is behind us. >> we'll see. i never put it beyond politicians. when the story changes, they'll change. julie, now win promise you can have your coffee break or tea break. try tea, it's very nice. english breakfast. very good thing to have first thing in the morning. we'll come back to you, jules, julia. >>> in the united states, in addition to the jobs report, there are some other pieces of the economic data. the final look at january consumer sentiment is out at 9:55 a.m. eastern. on the corporate front, exxon mobil, chevron, merck, tyson foods all report earnings before the bell. january sales are also out. they're expected to be seen at the strong rate compared to last year. this is all thanks to pent up demand as
quick thought about this, can we get rid of the debt ceiling? >> iveng what we're seeing is some of the political brinksman ship around the debt ceiling may be a thing of the past. the renls certainly got hurt politically trying to use that tool as leverage. 6/hopefully it's an indication that that particular kind of brinksman ship is behind us. >> we'll see. i never put it beyond politicians. when the story changes, they'll change. julie, now win promise you can have your coffee...
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Feb 1, 2013
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caucus over the fiscal cliff debt ceiling taxing to be a walk in the park on sunday. while on a state level the g.o.p. extremists can't get out of the way from their own radicalism in virginia ken cucinelli or c uch has he is known. he writes, quote creating government dependency is the typical method of operation for big government statists. also to put a cher on on top of the dysfunction, the mississippi legislature has created a new law. an idea as archaic as it is unconstitutional. joining me now is rick unger whose piece we just quoted. thankthank you for being here. >> always a pleasure. >> always a pleasure having you. will it be an effective wedge to break open the g.o.p. they tried it in the 47% class it didn't work but now they're able to split the party. >> i think the democrats will have nothing to do with it. the republicans will do this all on which are own with an exist from the tea party. >> how so? >> this is a perfect setup for what was inevitable, and this is going to be the great shoot out at the o.k. corral. assume that this bill makes it to the s
caucus over the fiscal cliff debt ceiling taxing to be a walk in the park on sunday. while on a state level the g.o.p. extremists can't get out of the way from their own radicalism in virginia ken cucinelli or c uch has he is known. he writes, quote creating government dependency is the typical method of operation for big government statists. also to put a cher on on top of the dysfunction, the mississippi legislature has created a new law. an idea as archaic as it is unconstitutional. joining...
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Feb 1, 2013
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. >>> crisis averted, the house passed a bill in a suspended the debt ceiling in may. president obama will sign the measure so the government can keep borrowing and paying the bills for a few more months. >>> gas prices rising more than usual this year. trip 8a reported $3.42. and in january, $3.32, second only to last year's january average! >> the party is on hold. and the feds say they're opposed to the marriage of the world's two biggest beer companies. on one side, anhauser busch. and the makers of an still. they have plan to buy popular mexican beers, including the top selling import, corona. but they filed a lawsuit, arguing that merger would give just one firm control of half of the u.s. beer market, and the competition could drive up prices wherever they buy the stuff. aanhauser busch will fight it in court. >>> facebook users can send a gift card to their friends by mail, but you continue use the facebook card to have purchase anything on the website itself. rather, it's meant for other places like target. it's available on the online gift store, which hasn't
. >>> crisis averted, the house passed a bill in a suspended the debt ceiling in may. president obama will sign the measure so the government can keep borrowing and paying the bills for a few more months. >>> gas prices rising more than usual this year. trip 8a reported $3.42. and in january, $3.32, second only to last year's january average! >> the party is on hold. and the feds say they're opposed to the marriage of the world's two biggest beer companies. on one side,...
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Feb 1, 2013
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ceiling and next up sequestration. >> i think that's exactly right. you see that for the gdp numbers, for example. fourth quarter gdp numbers down and in large part because of government spending. redust in the military spending because of the draw down in the war but government spending does help the economy. >> right. >> clear that's been the case looking, for example, at great britain. they're in the double-dip recession right now doing the same austerity measures republicans oppose and we have had 6.1 million new jobs added in this economy and i think that the problems are we have to invest in education, make sure people have opportunities and make sure that the government doesn't pull back right now. >> what we also know is there are republicans who still strongly say and assert that the stimulus did not work and they do not believe in exactly what you just said. >> economists, the majority of those interviewed by "wall street journal" believes the stimulus works. 3 million jobs because of the stimulus and other thing is about the education thing
ceiling and next up sequestration. >> i think that's exactly right. you see that for the gdp numbers, for example. fourth quarter gdp numbers down and in large part because of government spending. redust in the military spending because of the draw down in the war but government spending does help the economy. >> right. >> clear that's been the case looking, for example, at great britain. they're in the double-dip recession right now doing the same austerity measures...
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i think my biggest concern is we move into february and really up through april is the debt ceiling and what congress is going to do about that. and particularly, one number that was interesting this week was personal income and spending. it was a great number, but when you look forward, my concern is the new tax policies that are in place. and that amount of money may not be in consumers' pockets going forward. so it's been a great rally here in january. but i look for a pullback and i think we could see a 5% pullback when you look at interest rates hovering around 200 basis points, can't really pop any higher than that from a yield standpoint. i agree a correction is in the air and it is something we have to take a little pause, see where we're at and where we may go going forward. liz: yeah, i mean, we can't ignore the fact -- i want to check it because it changes moment by moment -- but the vix just at 13, straddling there? i mean alan you are looking at an energy and commodities picture over there. but when there is very little fear, and rising stocks, rising commodities, and a fal
i think my biggest concern is we move into february and really up through april is the debt ceiling and what congress is going to do about that. and particularly, one number that was interesting this week was personal income and spending. it was a great number, but when you look forward, my concern is the new tax policies that are in place. and that amount of money may not be in consumers' pockets going forward. so it's been a great rally here in january. but i look for a pullback and i think...
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what debt ceiling? it looks like someone in washington is doing a big messaging switcheroo. they don't want us talking about how badly they have mismanaged our nation's finances. instead, let's get people talking about something that is also important, freedom, freedom to bear arms, freedom for people to travel to and from our country. well, the president can pretend he is a big skeet shooter, but it is insulting to think you will notice your paycheck has shrunk as a first of the year. melissa: and be sure to watch the tom sullivan show this weekend at seven and 10:00 p.m. on saturday and on sunday at 7:00 a.m. and 7:00 p.m. eastern. what do you think of the market? 14,000, up next week, the dow? >> we are rich. okay. i think it will bring people into the market. probably good. chase the market up as the money comes in. melissa: absolutely. all right. have a great weekend everybody. we'll see you back here monday. ♪ gerri: hello, everybody. i'm gerri willis. tonight on "the willis report" it's super bowl weekend, and the point scoring has already begun. we are talking abou
what debt ceiling? it looks like someone in washington is doing a big messaging switcheroo. they don't want us talking about how badly they have mismanaged our nation's finances. instead, let's get people talking about something that is also important, freedom, freedom to bear arms, freedom for people to travel to and from our country. well, the president can pretend he is a big skeet shooter, but it is insulting to think you will notice your paycheck has shrunk as a first of the year. melissa:...
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Feb 1, 2013
02/13
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we've had the debt ceiling suspended, another budget baths to go through. so investors, businessmen and even individual investors and consumers are still somewhat haunted by what's happening in the nation's capital. >> and if we could put the markets gain back up, we had seen it go above 14,000 earlier this morning. it's -- >> right there. >> right there, right now. okay. so this hasn't happened since '07. >> early october, the all-time high, 14,164. standard & poor's, 1465. we're within striking distance of both. and that's a good sign. the stock market is performing well. the bond market is performing as expected, if the economy is recovering and so are other markets. and the indicators i look atom as, actually quite positive. none showing signs of strain, the future economic prospects better than the past. so for now markets are tell us things are all right. that may change sometime in the future but looks good at this at the moment. >> and ron made fun of my ravens -- >> absolutely. >> see this? ravens-theme note paper. >> running wild over these guys.
we've had the debt ceiling suspended, another budget baths to go through. so investors, businessmen and even individual investors and consumers are still somewhat haunted by what's happening in the nation's capital. >> and if we could put the markets gain back up, we had seen it go above 14,000 earlier this morning. it's -- >> right there. >> right there, right now. okay. so this hasn't happened since '07. >> early october, the all-time high, 14,164. standard &...
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ceiling bill. will the intraparty scism end in heartburn or heart break? for over 75 years people have saved money with...ohhh... ...with geico... ohhh...sorry! director's voice: here we go. from the top. and action for over 75 years people have saved money with gecko so.... director's voice: cut it! ...what...what did i say? gecko? i said gecko? aw... for over 75 year...(laughs. but still trying to keep it contained) director's voice: keep it together. i'm good. i'm good. for over 75...(uncontrollable lahtuger). what are you doing there? stop making me laugh. vo: geico. saving people money for over seventy-five years. gecko: don't look at me. don't look at me. >>> the republican party is engaged in a fierce game of tug-of-war with itself. last week after speaker john boehner pleaded with his party to vote for a bill to extend the debt limit for three months, 33 members broke rank. the measure would have failed without democratic support. yesterday the senate took up that same bill and even though
ceiling bill. will the intraparty scism end in heartburn or heart break? for over 75 years people have saved money with...ohhh... ...with geico... ohhh...sorry! director's voice: here we go. from the top. and action for over 75 years people have saved money with gecko so.... director's voice: cut it! ...what...what did i say? gecko? i said gecko? aw... for over 75 year...(laughs. but still trying to keep it contained) director's voice: keep it together. i'm good. i'm good. for over...
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Feb 1, 2013
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you know, you've got the sequester, right, coming up march 1st, kicked the can a bit on raising the debt ceiling. >> want to watch the four ps, production, politics, profits, along as profit numbers come through, the market can lift. the personal income, the jobs number and the production is the industrial expansion. this last quarter was low, but mine us 0.1% because of defense reduction. other parts of the economy are doing well, especially the consumer. >> let's talk about what took us here. bank of america doing very well, verizon, at&t. you had the financials and the telecom stocks as the leadership groups. merck was down 2%. exxon down. three dow stocks were actually down. what happened there and what are you seeing at the end of the kay? >> finally seeing the laggards catching up and telecoms have done okay during this period, but i think what uruguay seeing is the overall economic data with the exception of the weaker gkp number. all the other data was very strong and all the companies are pulling up with that. >> and then with that, swing it around, what happened there. dts. wha
you know, you've got the sequester, right, coming up march 1st, kicked the can a bit on raising the debt ceiling. >> want to watch the four ps, production, politics, profits, along as profit numbers come through, the market can lift. the personal income, the jobs number and the production is the industrial expansion. this last quarter was low, but mine us 0.1% because of defense reduction. other parts of the economy are doing well, especially the consumer. >> let's talk about what...
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"washington post" what was the outcome of the senate vote on the bill to suspend the debt ceiling until may 19. in surprising? >> not particularly, no. the vote 64-34. they made it to spare. most republicans voted no, which was not necessarily surprising since republicans don't like to mess around with the debt limit. but democrats got enough support from the moderate republicans like sue san colins to put it over the edge and take the issue off the table. we're told until at least august. >> now the bill heads to the president's desk. what is he going to do with it? >> he's going sign it. he doesn't want to have a debt limit fight right now. the interesting thing about this, it is the first time that we have ever just suspended enforcement of the debt limit. it's still $16.4 trillion. normally in the celebration we're in now, we're against the debt is at the limit. we just raise the limit. but house republicans didn't want to vote for a higher limit. they voted to suspend the limit until may 18th. at that time, the debt limit will automatically take in to account the additional borrowi
"washington post" what was the outcome of the senate vote on the bill to suspend the debt ceiling until may 19. in surprising? >> not particularly, no. the vote 64-34. they made it to spare. most republicans voted no, which was not necessarily surprising since republicans don't like to mess around with the debt limit. but democrats got enough support from the moderate republicans like sue san colins to put it over the edge and take the issue off the table. we're told until at...
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. >> your thoughts on the debt ceiling. >> no. >> you think we are in danger of a bond bubble? >> i don't even know what that is. >> which mario has done a better job monti or draghi? >> monti or draghi? you know i have no idea what you're talking about, so -- >> what's your favorite show on television? >> hmm. "american greed." >> really? >> yeah. >> can you open that up for me? >> oh! >> you just made my day. >> i wish we could show more of that stuff. that was michael james, guys. and he was touched. because he tweets about "american greed" all the time. and i went on to talk to him about his favorite show and he's like god forgive me, but the one when the preacher steals from the church, and he went through this whole thing about how that's his favorite show. matt burke went to harvard he knows his stuff with the ravens and the kicker for the niners, he's a cramer guy and he's a conservative aaa-rated tax-free bond guy. >> i feel so bad for these guys because it's kind of like talking to me about football. if you ask me those questions, like oh, yeah. >> they would get angr
. >> your thoughts on the debt ceiling. >> no. >> you think we are in danger of a bond bubble? >> i don't even know what that is. >> which mario has done a better job monti or draghi? >> monti or draghi? you know i have no idea what you're talking about, so -- >> what's your favorite show on television? >> hmm. "american greed." >> really? >> yeah. >> can you open that up for me? >> oh! >> you just made my...
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. >> with the fiscal cliff and debt ceiling and trying to get bipartisan, but over here is something called poverty, 50 million americans and racial disparity and cities collapsing and the like. i'm going to make the case we should build america an urban infrastructural bank for the purpose of long-term loans. we do it in europe and japan. and no other country charges people to repatriate their money once they pay taxes in that country. but we do. but if we, in fact, took a portion of that money, part for research and development and part of it for an institutional bank, you could do what banks are not doing, and that's invest in these downtrodden areas of our country. >> gillian, we've been talking about it for years, trillions of dollars sitting on the sidelines not coming back to america. how do we get it back here? >> almost $2 trillion. you've got average household earnings down over the past four years, poverty is up. we need this money working in our economy. how do we get it here? >> absolutely. i think the reverend's idea is very interesting because right now many of the com
. >> with the fiscal cliff and debt ceiling and trying to get bipartisan, but over here is something called poverty, 50 million americans and racial disparity and cities collapsing and the like. i'm going to make the case we should build america an urban infrastructural bank for the purpose of long-term loans. we do it in europe and japan. and no other country charges people to repatriate their money once they pay taxes in that country. but we do. but if we, in fact, took a portion of...
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that's because the debt already reached a ceiling of $16.4 trillion set by law. the bill is putting pressure on both chambers of commerce by mid-april. republicans are expected to continue pushing the government to cut the fiscal deficit by reviewing social security spending. the budget is a lingering concern for lawmakers. they must come up with measures to resolve the issues of spending cuts by early march. here in japan the jobless rate in december has gotten worse. the number of jobs on offer for people seeking work has seen the first increase in five months. the latest data from the internal affairs ministry shows unemployment for december was 4.2%. that's up .1 of a point from december. the number of people without a job increased by 70,000 to 27.8 million. those with a job fell 350,000 to 62.6 million. as for the whole of 2012 the job situation improved. the average unemployment rate last year stood at 4.3%. that's down .3 of a point from the previous year. the labor ministry announced that the ratio of job vacancies to seekers improved slightly in decembe
that's because the debt already reached a ceiling of $16.4 trillion set by law. the bill is putting pressure on both chambers of commerce by mid-april. republicans are expected to continue pushing the government to cut the fiscal deficit by reviewing social security spending. the budget is a lingering concern for lawmakers. they must come up with measures to resolve the issues of spending cuts by early march. here in japan the jobless rate in december has gotten worse. the number of jobs on...
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Feb 1, 2013
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i think the debt ceiling went like groundhog day. it's like this time we're going to have this debate. then at midnight on new year's eve we pass a bill and give senators six minutes to reid it before it goes and we've now avoided the fiscal by kicking the can down the road which now we passed a bill to push off until may the reckoning for the debt ceiling. nobody has come to the table to try to fix things. i say the senate hasn't actually passed a budget. the president and democrats haven't passed a budget in four years. there is a fundamental inability for congress to do their job. you are supposed to pass a budget by april 15. you are supposed to reconcile all those bills by october. that hasn't happened in four years. instead we've had this crisis atmosphere where things are passed in the middle of the night and nothing gets done. >> we only look at law makers records as they pertain to gun related issues. the numbers in the house and numbers of the senate haven't changed so much from the previous congress but there are faces tha
i think the debt ceiling went like groundhog day. it's like this time we're going to have this debate. then at midnight on new year's eve we pass a bill and give senators six minutes to reid it before it goes and we've now avoided the fiscal by kicking the can down the road which now we passed a bill to push off until may the reckoning for the debt ceiling. nobody has come to the table to try to fix things. i say the senate hasn't actually passed a budget. the president and democrats haven't...
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Feb 2, 2013
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i think the debt ceiling went like groundhog day. it's like this time we're going to have this debate. then at midnight on new year's eve we pass a bill and give senators six minutes to reid it before it goes and we've now avoided the fiscal by kicking the can down the road which now we passed a bill to push off until may the reckoning for the debt ceiling. nobody has come to the table to try to fix things. i say the senate hasn't actually passed a budget. the president and democrats haven't passed a budget in four years. there is a fundamental inability for congress to do their job. you are supposed to pass a budget by april 15. you are supposed to reconcile all those bills by october. that hasn't happened in four years. instead we've had this crisis atmosphere where things are passed in the middle of the night and nothing gets done. >> we only look at law makers records as they pertain to gun related issues. the numbers in the house and numbers of the senate haven't changed so much from the previous congress but there are faces tha
i think the debt ceiling went like groundhog day. it's like this time we're going to have this debate. then at midnight on new year's eve we pass a bill and give senators six minutes to reid it before it goes and we've now avoided the fiscal by kicking the can down the road which now we passed a bill to push off until may the reckoning for the debt ceiling. nobody has come to the table to try to fix things. i say the senate hasn't actually passed a budget. the president and democrats haven't...
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Feb 1, 2013
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the debt ceiling or the sequester or the sgr cliff. does congressional staffers, i'm sure debbie can attest to, we are constantly living in his temporary environment because we have to. that is unfortunate your we would all like to take some time and do a deep dive into deep policy thinking and try to think of transformational ideas that can transform everything, but when we kind of walking to work reality hits us. we have a job to do. we have to take of the thing that is the most pressing on the front end, and, unfortunately, that's kind of the environment we are living in. and it was a very interesting panel, especially the last one, where i was hearing, there's nothing better than congressional staffers. actually talk to patients are going through the clinic. one of the things that, the reality that we suffer with, unfortunately and this is something we all have to deal with come is just the fiscal reality. as you rightly pointed out, it is right now the debate is about budget and at, people are can't figure out to control costs but
the debt ceiling or the sequester or the sgr cliff. does congressional staffers, i'm sure debbie can attest to, we are constantly living in his temporary environment because we have to. that is unfortunate your we would all like to take some time and do a deep dive into deep policy thinking and try to think of transformational ideas that can transform everything, but when we kind of walking to work reality hits us. we have a job to do. we have to take of the thing that is the most pressing on...